September 17, 2013

Published by Michael Novogradac on Tuesday, September 17, 2013 - 1:00pm

In this week’s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, shares news about legislation and continuing resolutions that could provide funding for fiscal year 2014 and changes to the rural housing determinations that could affect rural properties. In low-income housing tax credit news, he discusses the Financial Accounting Standards Board’s Emerging Issues Task Force’s debate about accounting for the low-income housing tax credit. In renewable energy tax credit news, he covers the possibility of additional IRS guidance on the production tax credit, as well as a recent report that shows that wind farms do not impact house values. In historic tax credit news, he discusses a fiscal year 2013 report from Missouri about the use of state historic tax credits and low-income housing tax credits. In new markets tax credit news, he alerts listeners to the opening of Nebraska’s new markets tax credit program’s allocation round.